Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0087%/8h= −9.5% APRpaid last 24h −0.009%
Price spread now: Paradex against SoDEX−0.479%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Paradex is 0.479% cheaper against SoDEX than usual: you would sell low and buy high (−$48 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX NEAR-USD4.49150.0194pay 0.0024% / 1h40m 38s$5K$53K10x
ShortParadex NEAR-USD-PERP4.47000.0106get 0.0106% / 8h1h 40m$32K$58510x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against SoDEX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$18.31
Price spread: −0.479% → 0.000%
−$47.89
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$78.2
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: SoDEX: no order-book sample; Paradex: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample
Sell Paradex no order-book sample
SoDEX and Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.4988+0.162%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.4644−0.604%$110K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4911−0.009%$169K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−7.804%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4640−0.612%$111K$494K50xas long as short
Bybit NEARUSDT+0.0100%8h4.4590−0.724%$229.4M$430.5M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.4560−0.790%$63.2M$299.4M50xas long as short
Bulk NEAR-USD+0.0100%1h4.5008+0.207%$256K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4637−0.619%$34.9M$60.2M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4740−0.390%$53.1M$45.9M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NEARUSDT+0.0100%8h4.4621−0.655%$73.9M$127.7M75xas long as short
Variational Omni NEAR+0.0100%8h4.4927+0.027%$9.1M$18.5Mas long as short
edgeX NEARUSDC+0.0100%4h4.4779−0.303%$262K$967K20xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4740−0.390%$168K$804K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.5034+0.265%$284K$4.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4952+0.082%$59K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4990+0.167%$2K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.4870−0.100%$469K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4750−0.367%$3.7M$8.3M50xas long as short
Paradex NEAR-USD-PERPshort+0.0106%8h4.4700−0.479%$32K$58510x
GRVT NEAR_USDT_Perp+0.0124%8h4.4854−0.136%$1.5M$1.5M10xas long as short
Aevo NEAR-PERP+0.0128%1h4.4955+0.089%$209K$40K3xas long as short
BingX NEAR-USDT+0.0185%8h4.4650−0.590%$144.0Mas long as short
MEXC NEAR_USDT+0.0189%8h4.4660−0.568%$84.8M$146.1M200xas long as short
Binance NEARUSDT+0.0190%8h4.4635−0.624%$271.7M$1.09B75xas long as short
SoDEX NEAR-USDlong+0.0194%1h4.4915long leg$5K$53K10x
Kalshi KXNEARPERP+0.0292%8h4.4833−0.183%$1.1M$25.0M2.2xas long as short
Extended NEAR-USD+0.0304%1h4.4620−0.656%$3.7M$18.8M25xas long as short
BloFin NEAR-USDT+0.0310%8h4.4790−0.278%$13.6M$33.0M75xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0336% / S −0.0229%1h4.4916+0.003%$258K100xas long as short
Aster NEARUSDT+0.0336%8h4.4645−0.602%$2.9M$5.0M50xas long as short
Coinbase International NEAR-PERP-INTX+0.0424%1h4.4871−0.098%$2.3M$16.6M50xas long as short
01 Exchange NEARUSD+0.0472%1h4.4667−0.552%$13K$7K10xas long as short
Hyperliquid NEAR+0.0567%1h4.4765−0.334%$368.8M$311.4M10xas long as short
Backpack NEAR_USDC_PERP+0.0575%1h4.4772−0.318%$1.3M$6.6M20xas long as short
Nado NEAR-PERP+0.0580%1h4.4594−0.714%$1.7M$3.2M10xas long as short
Kraken Futures PF_NEARUSD+0.0650%1h4.4891−0.053%$7.4M$38.3M50xas long as short
Arcus NEAR-USD+0.0880%1h4.4690−0.501%$227K$1.6M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0908%1h4.4955+0.089%$2.0M$12.3M25xas long as short
Lighter RH NEAR+0.0984%1h4.4793−0.272%$1.5M$6.7M10xas long as short
Phoenix NEAR+0.1003%1h4.5134+0.488%$1.9M$2.5M10xas long as short
Lighter NEAR+0.1008%1h4.4760−0.344%$17.5M$24.8M15xas long as short
Pacifica NEAR+0.1187%1h4.4718−0.439%$412K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1241%1h4.4809−0.236%$6K$12K10xas long as short
RISEx NEAR/USDC+0.1259%1h4.4674−0.537%$670K$1.4M10xas long as short